UAE's E& signs binding agreement with PPF Group to acquire controlling stake -statement | Reuters
Emirates Telecommunications Group Company "E&" (EAND.AD) signed a binding agreement with PPF Group to acquire a controlling stake in PPF telecom’s assets in Bulgaria, Hungary, Serbia and Slovakia, a statement from E& said on Tuesday.
"The upfront consideration for acquisition is (euros) 2.150 billion in exchange for 50%+1 share economic stake in both service and infrastructure companies (except for Hungary where Corvinus owns a 25% stake in the respective businesses)," it added.
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